
With more new homes being sold this past July than in nearly 10 years, according to a U.S. Census Bureau report, the personal-finance website WalletHub conducted an in-depth analysis of 2016’s Best Real Estate Markets.
To help prospective home buyers find the most attractive housing markets, WalletHub’s analysts compared 300 U.S. cities across 16 key metrics. Our data set ranges from “median home-price appreciation” to “housing affordability” to “job growth rate.”
Best Real Estate Markets | Worst Real Estate Markets | ||||
1 | Frisco, TX | 291 | Baltimore, MD | ||
2 | McKinney, TX | 292 | Waterbury, CT | ||
3 | Richardson, TX | 293 | Hartford, CT | ||
4 | Murfreesboro, TN | 294 | Fall River, MA | ||
5 | Austin, TX | 295 | Flint, MI | ||
6 | Allen, TX | 296 | Cleveland, OH | ||
7 | Overland Park, KS | 297 | Elizabeth, NJ | ||
8 | Thornton, CO | 298 | Detroit, MI | ||
9 | Plano, TX | 299 | Paterson, NJ | ||
10 | Arvada, CO | 300 | Newark, NJ |
Best vs. Worst
- San Mateo, Calif., has the lowest percentage of homes with negative equity, 1.9 percent, which is 27 times lower than in Hartford, Conn., the city with the highest, 51.2 percent.
- Berkeley, Calif., has the lowest average number of days until a house is sold, 38, which is 4.9 times lower than in Paterson, N.J., the city with the highest, 186.
- Simi Valley, Calif., has the lowest vacancy rate, 2.40 percent, which is 15.1 times lower than in Miami Beach, Fla., the city with the highest, 36.17 percent.
- Detroit has the lowest home price as a percentage of income, 131 percent, which is 11.5 times lower than in Santa Monica, Calif., the city with the highest, 1,508 percent.
- Austin, Texas, Lincoln, Nebr., and Livonia, Mich., have the lowest unemployment rate, 2.5 percent, which is 4.6 times lower than in Yuma, Ariz., the city with the highest, 11.4 percent.
Disclaimer
The information contained in South Florida Reporter is for general information purposes only.
The South Florida Reporter assumes no responsibility for errors or omissions in the contents of the Service.
In no event shall the South Florida Reporter be liable for any special, direct, indirect, consequential, or incidental damages or any damages whatsoever, whether in an action of contract, negligence or other tort, arising out of or in connection with the use of the Service or the contents of the Service. The Company reserves the right to make additions, deletions, or modifications to the contents of the Service at any time without prior notice.
The Company does not warrant that the Service is free of viruses or other harmful components